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Maths in Mba Rtu

The document outlines the course objectives, content, and structure for M-103 Business Mathematics and Statistics. The course is divided into 8 modules covering topics such as matrices, linear equations, descriptive statistics, correlation, regression, index numbers, probability, and probability distributions. Students will learn to apply these statistical concepts to solve business problems. Assessment includes internal marks for lectures and tutorials, external marks for exams, and case studies for each module. Recommended textbooks are also provided.

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Manoj Chaturvedi
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534 views1 page

Maths in Mba Rtu

The document outlines the course objectives, content, and structure for M-103 Business Mathematics and Statistics. The course is divided into 8 modules covering topics such as matrices, linear equations, descriptive statistics, correlation, regression, index numbers, probability, and probability distributions. Students will learn to apply these statistical concepts to solve business problems. Assessment includes internal marks for lectures and tutorials, external marks for exams, and case studies for each module. Recommended textbooks are also provided.

Uploaded by

Manoj Chaturvedi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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M-103 BUSINESS MATHEMATICS AND STATISTICS Course/Paper : M-103 MBA Semester-I No.

of Lecture Hrs/week: 03 Internal Marks: 30 Total No of Lectures Hrs: 42 External Marks: 70 No. of Tutorial Hrs/week:01 Exam Time: 3 Hrs Objective: The objective of the course is to enable the student to familiarize with the Knowledge and Skills necessary to solve a variety of arithmetic & statistical issues in management problems that are commonly found in business situations.

Section A
Module I: Matrices and Determinants (6 Hours) Definition of a matrix, types of matrices, algebra of matrices, Transpose, Adjoint, elementary and Inverse of a matrix. Module II: (4 Hours) Solving linear equations by using matrices, Input-Output analysis. Application of matrices for solution to simple business and economic problems. Module III: Role of statistics (6 Hours) Numerical descriptive measures of central tendency and dispersion and their implications, Mean, Mode, Median, Variance and standard deviation. Module IV: Correlation (4 Hours) Coefficient of Variation. Covariance and coefficient of correlation. Visual explorations using software like Microsoft Excel/MINITAB Module V: Regression (6 Hours) Types of Regression models, determination of simple linear regression equation using least square method, coefficient of determination, Overview of Partial and Multiple regressions. Module VI: Index Numbers (5 Hours) Meaning, Types of index numbers, uses of index numbers, Construction of Price, Quantity and Volume indices: Fixed base and Chain base methods. Fisher ideal index number. Proportion, percentage, Interval, Ratio and Interest. Module VII: Probability (5 Hours) Basic probability concepts, conditional probability, marginal probability and its uses in business decisionmaking; Bayes theorem and its applications. Module VIII: Probability Distributions (6 Hours) Concept and application of Binomial, Poisson, Exponential and Normal distributions

Section B
At least one Case Study from each Module Note: 50% of the questions will be Numerical /application oriented.

Recommended Books:
1 Doane. Applied Statistics in Business and Economics. Tata McGraw-Hill. 2 Beri. Business Statistics. Tata McGraw-Hill. 3 Aczel. Complete Business Statistics: with student CD-ROM (SIE). Tata McGraw-Hill. 4 Gupta, S.P. Statistical Methods. Sultan Chand & Sons. 5 Shrivastava. Statistics for Management. Tata McGraw-Hill. 6 John C. Lee., Business and Financial Statistics Using Minitab 12 and Microsoft Excel 97. World Scientific Publisher

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